Seaport Global Securities Weighs in on DHT Holdings Inc.’s Q4 2016 Earnings (DHT)
DHT Holdings Inc. (NYSE:DHT) – Investment analysts at Seaport Global Securities dropped their Q4 2016 earnings per share estimates for shares of DHT Holdings in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Fyhr now forecasts that the firm will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.16. Seaport Global Securities also issued estimates for DHT Holdings’ FY2017 earnings at $0.39 EPS.
Several other research firms have also issued reports on DHT. Morgan Stanley lowered shares of DHT Holdings from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $7.00 to $5.50 in a research report on Thursday, August 25th. Wells Fargo & Co. started coverage on shares of DHT Holdings in a research report on Monday, September 26th. They set a “market perform” rating for the company. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a research report on Monday, September 12th. TheStreet lowered shares of DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Finally, Zacks Investment Research lowered shares of DHT Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. DHT Holdings has an average rating of “Hold” and an average target price of $7.78.
DHT Holdings (NYSE:DHT) opened at 4.20 on Thursday. The firm’s 50-day moving average price is $4.23 and its 200-day moving average price is $5.05. DHT Holdings has a 1-year low of $4.00 and a 1-year high of $8.40. The firm has a market cap of $392.14 million, a P/E ratio of 3.44 and a beta of 1.00.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS.
A number of institutional investors have recently added to or reduced their stakes in DHT. WealthTrust Axiom LLC bought a new position in DHT Holdings during the second quarter worth about $102,000. InterOcean Capital LLC increased its position in DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock worth $276,000 after buying an additional 1,150 shares during the last quarter. Zacks Investment Management bought a new position in DHT Holdings during the second quarter worth about $277,000. Carleon Capital Partners LLC bought a new position in DHT Holdings during the second quarter worth about $326,000. Finally, Emerald Acquisition Ltd. bought a new position in DHT Holdings during the second quarter worth about $335,000. 67.66% of the stock is owned by institutional investors.
About DHT Holdings
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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